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Real Estate & Property Law

: Housing Wire

May Delinquency Rate up 50% from 2008

By DIANA GOLOBAY

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Total mortgage delinquencies are up 50% from the year-ago level and up 5% from the previous month, reaching an 8.49% rate in May, according to a monthly report released by Lender Processing Services. Foreclosure inventories climbed as May saw a 2.79% increase in the foreclosure rate from April. The foreclosure rate sits 88.3% above the year-ago [...]

Full post as published by Housing Wire on June 25, 2009 (boomark / email).

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